Best Crypto to Buy Now August 17 - Injective, Kava, Aragon

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‘What is the best crypto to buy right now’? is a common question asked by investors – in this article, we explore a range of tokens to watch.

Today’s crypto market ushered investors into a moment of surprise as the price of assets tumbled dramatically in the early hours of the day. Bitcoin recorded over 2.5% decline. At press time, the price of BTC is $28,359.

Similarly, the global cryptocurrency market cap has shed over 3.5% of its value, bringing the value to $1.11T, the lowest it has seen since June.

Best Crypto to Buy Now

As the price of cryptocurrencies slumps, what are the best cryptos to buy now? Despite the declining prices of cryptocurrencies, some coins showed immense resilience in the face of the decline. Similarly, the presale tokens also saw improved engagements as investors scrambled for opportunities that might lead to impressive returns. Thus, today’s post also features yPredict—a crypto presale offering investors dual benefits. Firstly, investors enjoy immense value from using the yPredict AI model. Again, investors benefit from holding the YPRED token. The article provides additional details. Read to the end to find out more.

Global Crypto Market Cap Chart

1. Injective (INJ)

INJ has been showing impressive performance recently, with Y2D gains of over 250%. Earlier today, the token recorded gains of over 3% and a trading volume increase of over 70%.

The sudden jump in activities may be traced to the recent announcement of an upgrade to its tokenomics. The platform just introduced the Burn 2.0 mechanism, dubbed the most significant upgrade to its tokenomics.

1/ Injective today is releasing its largest tokenomics upgrade yet which can dramatically increase the amount of INJ burned weekly.

Now all dApps built on Injective can contribute to the $INJ burn auction with no limit on how much they can burn.https://t.co/VCoc2lSjaA

— Injective 🥷 (@injective) August 16, 2023

The Injective platform is recognized for its innovative weekly burn auction that’s been around since the launch of its mainnet. With the Burn 2.0 initiative, it is now allowing all dApps in its ecosystem to contribute to the burn auctions.

The initiative is quite flexible and allows all protocols within the network to contribute any amount they choose. The move is set to keep the supply of the INJ token in check, especially now that there will be a release of over $20 million of INJ tokens.

With its performances in recent times, it’s safe to say that INJ is one of the best cryptos to buy now. The token boasts solid fundamentals and an excellent team to drive the platform’s vision.

Even though its price is declining, it’s still the best time to buy in, as the price will return to its upward trend as soon as the market recovers. One factor contributing to its inevitable recovery is its current price trends in the oversold range from its RSI readings.

Also, the token enjoys high liquidity because of its price and market cap. It, therefore, possesses the factors that will attract investors to it in the future.

2. Aragon (ANT)

Aragon has been on the rise in the last 52 weeks, with gains amounting to over 120% in the said period. Moreover, the token managed to withstand today’s bear market with over a 3% increase in price in the early hours of today.

Regarding the best cryptos to buy now ANT checks most boxes. The price above its long-term moving averages, coupled with an RSI reading in the oversold range of 31, indicates that the bullish momentum around the ANT token is just building up.

Furthermore, the token has several other favorable factors, making it one of the best cryptos to buy now. An example is its high liquidity and medium volatility rating. Consequently, ANT is bound to grip investors’ interests while holding its gains much longer than most assets.

Other essential details to note is that the token recorded positive gains in the first and second quarters of the year, despite the crackdown from the SEC. With its current trend, it could finish the third quarter with gains.

However, there might be a need to conduct an in-depth technical analysis of the asset before deciding, as it is getting closer to its resistance range at $4.3.

Breaking above this range would require intense activities around the network, and activities around the Aragon network are negligible.

3. Kava (KAVA)

Will KAVA be able to retain its gains? Despite the price decline across the crypto market, KAVA has managed to top the gainers list with over a 4% increase in price in the last 24 hours.

The sleeping token roared to life with the announcement of the launch of the 3DEX project. A post on its official Twitter handle sheds more light on the project.

1/11 📣

Anons, plebs, degens, listen up!@KinetixFi is launching the first #v3DEX (and perpetual market, but more on that another time…) on #Kava on August 15th, 2023

Let's unpack what that means & why you should care.

A thread 👇: pic.twitter.com/LOmGRgpwMi

— Kava (@KAVA_CHAIN) August 15, 2023

Hence, is KAVA the best crypto to buy now? The technical analysis of KAVA shows that KAVA is primed for gains in the short term as the asset trades in the oversold range. Also, the gains recorded today are the pullback resulting from the overall price decline.

Even though KAVA might be able to hold the trend for a few more days, it might swing back into decline as bears move to take profit.

Furthermore, the disparity in the current trend of KAVA and its moving averages could lead to a further decline in its price.

At the time of writing, the price of KAVA is below its long-term moving averages. The coin price might respond with a decline in the coming days.

Nonetheless, short-term traders can make the most of the price movement as the token currently trades at a massively discounted price, and its liquidity is still considerably high. However, there’s a need to remember that KAVA is quite volatile, and the market sentiment towards the asset is quite bearish.

4. Rocket Pool (RPL)

Rocket Pool recorded an over 4% increase in price in the early hours of today, making it one of the top altcoin gainers of the day. However, the token quickly declined as the bear’s force took over its trend.

Nonetheless, RPL might be one of the best cryptos to buy now because the token recorded a dramatic increase in trading volume today. It might signify the start of the accumulation cycle.

RPL has declined most of the month, forcing its Y2D gains into the negative at -3. However, the trend is likely to retrace in the coming days or weeks as the trend shows that the token is nearing the oversold range.

However, there might also be a need to consider the possibility of a bull trap before taking action on RPL. Its price is below its 200-day moving average, so RPL might still face further pressure from the bears.

Also, the token has had only 12 green days in the last 30 days. Nonetheless, RPL might present a short-term opportunity.

5. yPredict (YPRED)

yPredict made another move to show that the platform will challenge the status quo in the Crypto AI category.

The yPredict team released a fresh update of the yPredict leveraging the LSTM model to predict the price of Ethereum. Surprisingly it performed excellently at the task.

📈Just read an insightful article on Ethereum price prediction using LSTM model by #yPredict. 🔮 In a world of crypto volatility, LSTM proves its prowess in forecasting Ethereum prices accurately. A deep dive into AI, data visualization, and hybrid models for a clearer view of… pic.twitter.com/pbWqxvwm8o

— yPredict.ai (@yPredict_ai) August 16, 2023

As the project evolves, there’ll be more focus on precision and improved accuracy. With the presale gliding towards the target, it’s the best time for investors to get on board and take advantage of emerging technology.

With the current rate of activities, there’s valid proof that the yPredict team is giving the project its best. So far, the presale fund is getting closer to the $4.58 million target.

The ground is wide open for investors and traders who want to stay ahead of the curve and leverage emerging technology to get the best out of their trading decisions.

While these tools are not designed to replace the human decision-making process, they can dramatically enhance it. However, the platform is only available to YPRED holders, and the token is currently available at a discount. At press time, investors can still get the token at $0.1.

Intending Investors should note that the price will increase by 11.11% as soon as the presale crosses into the next phase. With that, there is a need to act while the discount lasts.

Visit the yPredict presale.